Friday, March 29, 2002
Accumulated Total of More Than $16.2 Million Awards Granted This Year
The Michigan Economic Development Corporation (MEDC) announced today that 710 Michigan workers will have the opportunity to improve their job skills through $613,812 in Economic Development Job Training grants.The grants provided to local educational facilities will be used to upgrade the skills of workers at 11 Michigan companies throughout the state.
“The Economic Development Job Training program is designed to provide training specific to the needs of the individual employer and employee,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“The technical training funded by the program provides employees with the competitive skills needed to succeed in today’s high-tech economy.”
The program helps Michigan businesses create new jobs or retain existing jobs by improving the skills and competitiveness of Michigan’s workforce.Under the requirements of the job training program, employers must provide a 25 percent match for training existing workers.For these grants, employers will provide $218,219 in matching funds.
The funds are provided to local community colleges, vocational-technical schools or other training providers chosen by the employer.As the state’s 18 Michigan Technical Education Centers (M-TEC)SM open for business, more companies are expected to utilize their training services, which are tailored to each company’s skill needs and time demands.There are 13 M-TECsSM currently open with more scheduled to open this year.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.For a complete list of grant awards click here.
2002 Economic Development Job Training Grants
Total # of Grants Awarded:11
Total Amount of Grants:$613,812
Total Amount of Employer Match:$218,219
Total # of Workers Receiving Training:710